Good luck Birdy, I'm pretty confident that lightlord will repay  |
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As a lender who could give you the coins, I prefer a central place to keep track of the loans I issue. You don't typically go to a bank and give them your forms to fill out  |
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Why not simply disable the seed server until 24hr after people have had a chance to download the client software ans set up?
because people could still mine during that time? The best way to do this would be a high starting difficulty - say 4000, and announce the coin launch at least a couple of days in advance. Yes 4000 is a good idea, and so only people with big and powerful rigs can mine the coin, the same people that had made a fortune from bitcoin and they bought this rigs, the same people who are against of anybody making a profit except them. I don't believe for a second that the guy or guys who have designed bitcoin didn't think: "Hmm, let's do this and if is working we will make some money!" And yes, again, bitcoin was premined the same way the others coins have been premined. I can make a coin, and then send a mail to some of my friends and then make a public announcement here after a while, and say: "Hey, is not premined, there where this guys that knew" My feeling is that the whole premine and crypto currency in general is full of hypocrisy. And this is the true. People had made small fortunes with the crypto coins and now are telling how unethical it is to use the crypto coins for profit. And is not about to value only profit, but I for one, if i make something out of passion and some guys are getting rich using what i done, and i get nothing, i will not be happy. Look at Tesla, he worked out of passion, but because he didn't care about the profit, he lost all his money and didn't have founds to finish his projects. Is fun to preach that other people should donate their time and other should profit when you are the one profiting and not the one "donating" the time I don't like resorting to personal results, but check the genesis block. It was not premined, because it had a message embed in it showing the date and a news article. Learn what you're fucking talking aboutAnd the point is? If it had a message embed what is the point, since only a handful of people knew, and they mined like crazy, and made thousands of coins? What is point if i generate the genesis block now, i make the announcement and i throw with my friend some Gh at the network so everybody will get only orphans? Yes i learned about bitcoin a month ago, and really i was surprised by the elitist of some older members that had made a big profit with the bitcoin. Is like the religion where the priest are preaching poverty while dressed in golden clothes. I have a feeling you have not looked through the blockchain. Satoshi is leaving millions untouched. |
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Why not simply disable the seed server until 24hr after people have had a chance to download the client software ans set up?
because people could still mine during that time? The best way to do this would be a high starting difficulty - say 4000, and announce the coin launch at least a couple of days in advance. Yes 4000 is a good idea, and so only people with big and powerful rigs can mine the coin, the same people that had made a fortune from bitcoin and they bought this rigs, the same people who are against of anybody making a profit except them. I don't believe for a second that the guy or guys who have designed bitcoin didn't think: "Hmm, let's do this and if is working we will make some money!" And yes, again, bitcoin was premined the same way the others coins have been premined. I can make a coin, and then send a mail to some of my friends and then make a public announcement here after a while, and say: "Hey, is not premined, there where this guys that knew" My feeling is that the whole premine and crypto currency in general is full of hypocrisy. And this is the true. People had made small fortunes with the crypto coins and now are telling how unethical it is to use the crypto coins for profit. And is not about to value only profit, but I for one, if i make something out of passion and some guys are getting rich using what i done, and i get nothing, i will not be happy. Look at Tesla, he worked out of passion, but because he didn't care about the profit, he lost all his money and didn't have founds to finish his projects. Is fun to preach that other people should donate their time and other should profit when you are the one profiting and not the one "donating" the time I don't like resorting to personal results, but check the genesis block. It was not premined, because it had a message embed in it showing the date and a news article. Learn what you're fucking talking about |
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Looking for a loan of 5 BTC, for payback of 2 months.
*Reserve right to payback any time before, or partial payments in that time frame*
I am looking for a 10% interest, for total of 5.5 BTC that is due in two months
after received 5 BTC.
20% interest for total of 6 BTC that is due in two months of receiving BTC
http://coinlenders.com/ |
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Why not simply disable the seed server until 24hr after people have had a chance to download the client software ans set up?
because people could still mine during that time? The best way to do this would be a high starting difficulty - say 4000, and announce the coin launch at least a couple of days in advance. |
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And just for fun, who is here just to make a better world and they don't want any profit, please rise your hands and donate all your cryptocoins (bitcoin, litecoin etc.) to charity. The fuck? Let me ask you this.. is the only thing you value in life making a profit? Not everything is motivated by profit.The early programmers and hackers were not motivated by profit, but rather it was something they were passionate and excited about. What happens when people start caring about profit and jumping in without any passion? Dot com bubble, hmm. Profit isn't bad or evil, it's required for a society and economy to function. It is NOT required for someone to code something that may change the world. |
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I, like every human, do many things in life not motivated by profit. Bitcoin was a creation that wasn't motivated by profit, and that's part of the reason for it's success.
There was no premine. Sure, only a small group of people heard about it, but it was announced to the public in a mailing list. It wasn't a premine. Please also use paragraphs next time.
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Got it, that code triggered for more than just CDs. Fixed, the negative interest TX has being cancelled and I've credited your account with a 0.1 BTC bonus. If you have any questions / problems just let me know, everything is logged |
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Ingeneious. The fairest way I have seen of starting a coin. May be hard to get people started since there is no reward for early adopters. But will create better stability at the exchanges because there will not be miners dumping 1000's of coins as soon as it hits the market or shortly after.
Edit: Ya I don't agree with the pre mine though. Unless its a trusted author and it all goes towards bounty's
true. the coin developers recently have been creating coins with no real purpose. they only go as far as getting onto an exchange so they can immediately cash out. there is no long term plan in the coin. what should happen is a venture capital funding into a coin. developers and VC adopters that are funding the coin should be provided some stake for their efforts but those coins need to be "locked in" in some way do they are not allowed to be spend for a period of time "1 year" maybe someone could build a website that monitors the first 5000 blocks of any new coins for transactions and if any are spend the coin is labelled insta-mined and dubbed worthless by the community. only those coins that have sound long term investors would qualify as good investments. Why do that instead of with code? For example, Bitcoin has had zero premine. The 50 BTC generated could not be spent at all, on purpose. |
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Awesome. Just bought a bundle.
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Moobot is actually quite awesome!
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@TradeFortress :
To let you know more about our system, your bet might not show instantaneously (it can takes up to 5 minutes) on our website but we guarantee that the price you'll get will be the price at the time blockchain.info tag your bet. Which can be quite instantaneous or almost, especially using blockchain.info as a wallet since we use them as our source for "neutral" time certification.
So we might be late in showing your bet, but we will show it starting at the blockchain.info timestamp with the corresponding mtgox price, which you can verify directly from our website.
Hopefully that answer a few of your questions
Awesome - I was worried about delaying the bet for a while to catch a good price, but that isn't the case then |
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No premine is fair.
Bitcoin was not created by someone who wanted to make a quick buck. Bitcoin was created by someone who wanted an alternate system for digital money and transactions.
Anyone who creates an alt coin for the purpose of getting a profit has dubious motivations.
Yes, maybe the bitcoin was not created with the purpose of making a quick buck, but let's be fair, a lot of people got rich with the bitcoin. A lot of people that are shouting that all premine is bad got rich by just pointing some hardware to the network on the early stage and sit on their asses. Yes, everybody want to make a quick buck, to think that someone will do something only for the good of the humanity is just plain silly. If this is the case, then why everybody is buying ASICS? To see a better world? And is only fair that the developer will benefit in some way from his work. When bitcoin was launched, almost nobody knew about it, and the core team was mining a fair share, and this is fair. Now, when a new coin is launched everybody with launch at it massive computing power, and so the dev, to make something out of it it will use some tricks to have a fair share. Again, if you think that someone will spend countless hours of work just so some guy with a powerful rig to make a quick buck you need to think again. What if the guy that developed the coin has just a normal GPU and is generating maybe 400 kh\s on scrypt, you think that he will work just for someone else to get rich? No, he will use tricks to have his fair share, and everybody will scream on the forum about orphans and other problems Did you even read what I fucking wrote? The problem with fiat currency these days are because they're controlled by people who want to make money. A good alt coin exactly needs someone who donates their time to an open source project. They may be rewarded, but they need to play by the same rules as others. Why do people contribute to OpenOffice? Why do people submit patches to Linux? Because they want to make a quick buck? No! But that doesn't mean you can't make money off something like bitcoin. Think of it as offering support contracts for Linux. |
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Im thinking about a premine strategy where 10% of all new coins (and tx fees) go to charity.
The list of acceptable charities is agreed by consensus (but they MUST accept bitcoin) and the miners are able to influence where the funds go.
Additionally these coins should be tracked, so that you find out exactly what happened to them and who got the benefit. Perhaps there will be some blogging/microblogging for success stories.
This is equivalent of the historical "tithe" system.
There was Devcoin with pretty much this idea. |
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The way I see it, *any* kind of premine will give you a bad PR hurdle.
At present it seems an all or nothing thing. Either dont premine, or premine everything. Ripple premined all and had a bigger market cap than btc now.
Ripple may currently have a bigger market cap, however it should be noted that most of the Ripples are not in circulation. Plus, I'm ramping up my marketing efforts. If it takes tens of thousands of dollars to kill ripple, I will spend it. (Check who is bidding for all the available ad slots here). |
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I suggest moving anything involving altcoins to alternate cryptocurrencies.
Said it before, but anything involving Ripple to the trashcan
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Why is it taking more than a minute for you to accept a bet I placed? I'm using Blockchain.info which should be directly connected to your node.
Okay, you listed it, however I'm still questioning why it's taking you this long. Bets should be accepted within 5 seconds max.
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No premine is fair.
Bitcoin was not created by someone who wanted to make a quick buck. Bitcoin was created by someone who wanted an alternate system for digital money and transactions.
Anyone who creates an alt coin for the purpose of getting a profit has dubious motivations.
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